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JATCORP LIMITED — Capital/Financing Update 2015
Apr 6, 2015
65154_rns_2015-04-06_8cafb2db-cc10-476f-89d9-5a426a730f66.pdf
Capital/Financing Update
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JATENERGY LIMITED ABN 31 122 826 242
ASX ANNOUNCEMENT
7 April 2015
ASX CODE: JAT
UPDATE - ACQUISITION OF LED LIGHTING COMPANY
AUSTRALIAN REGISTERED OFFICE
Floor 6, Suite 8 55 Miller Street PYRMONT NSW 2009 AUSTRALIA
CONTACT DETAILS Telephone +61 2 9571 8300 Facsimile +61 2 9571 8200 Email [email protected] Web www.jatenergy.com
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HIGHLIGHTS
- ASX confirms the proposed transaction with Nanyang Ling Feng Electronics Technology Company is a Chinese manufacturer of LED lighting, will constitute a change in the nature and scale of the Company’s activities and as such the Company will need to comply with Chapters 1 and 2 of the Listing Rules before it completes the transaction.
On 24 March 2015 Jatenergy Limited (“JAT” or the “Company”) announced a proposed transaction with Nanyang Ling Feng Electronic Technology Company. In that announcement, JAT advised that it had applied to the ASX for a determination as to whether the acquisition will constitute a change in the nature and/or scale of the activities of JAT in accordance with Chapter 11 of the ASX Listing Rules.
The Australian Stock Exchange have advised the Company on 2 April 2015 that the Proposed Transaction will constitute a change in the nature and scale of the Company’s activities in terms of Listing Rule 11.1 and that the Company will be required under Listing Rule 11.1.3 to comply with all of the requirements of Chapters 1 and 2 of the Listing Rules before it completes the transaction.
Further, the Company advises that the Share Purchase Agreement has not been finalised but it is now likely to be finalised before 13 April 2015. This delay is not believed to cause any delays to the proposed despatch of the Notice of General Meeting on 29 April 2015.
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About Jatenergy
Jatenergy (ASX: JAT) is an ASX listed energy investment company, focused on conventional, second generation and energy conversion technologies. Jatenergy also acquires projects and technologies, and creates value through its extensive marketing and promotion activities.
Media and Management Contact
Tony Crimmins +61 2 9571 8300 [email protected]
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About Jatenergy
Jatenergy Limited is a Sydney-based diversified energy company operating in both Australia and Asia. Jatenergy’s strategic focus is on producing cash returns from its coal and Jatropha assets as well as implementing the proprietary Coal Plus technology for upgrading low grade coal into high value energy products.
Directors
Tony Crimmins Executive Chairman
Mr Xipeng Li Non-Executive Director
Mr Wilton Yao Non-Executive Director
Jatenergy Limited ABN 31 122 826 242
ASX code JAT
Ordinary fully paid shares 130,345,729